Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101’
USDD’s Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it’s a normal event in DeFi. Go to Source
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Tim Draper Leads $2.5 Million Funding Round for Ark Labs to Advance Bitcoin Payment Solutions
Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance their user-friendly, non-custodial payment system, making bitcoin more accessible for global commerce. Ark Labs Raises $2.5M to Simplify Bitcoin Payments Ark Labs announced on Thursday … Read more
Bitcoin exchange inflow has fallen sharply in August — CryptoQuant
Exchange inflow gauges potential selling pressure, with high inflow suggesting high sell pressure and low inflow suggesting low pressure. Go to Source
3 reasons why Bitcoin price could hit $68K in September
Bitcoin’s technical setup and onchain data hint at a short upside recovery in the making. Go to Source
Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting
On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The … Read more
Bitcoin ‘ripe for short squeeze’ as bulls pressure $62K BTC price wall
Bitcoin bulls draw key battle lines as market metrics hint at a potential breakout from the short-term BTC price trading range. Go to Source
Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy
Bitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement seen in the S&P 500 and Nasdaq, which both rallied just before the closing bell. This newfound optimism is largely being credited to the Federal … Read more
Price analysis 8/21: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
The spot Bitcoin ETFs have continued to attract inflows, suggesting that the long-term bullish view remains intact. Go to Source
Cryptoquant: Bitcoin Demand Remains Weak Despite Accumulation by Long-Term Holders
Recent data from Cryptoquant researchers indicate that bitcoin demand growth continues to show signs of weakness. Despite this, the report notes that long-term holders have been accumulating bitcoin at unprecedented levels, providing some resilience to the market. Report Shows Bitcoin Demand Craters Amid Weak Market Signals Bitcoin demand has seen a significant decline since early … Read more
Good news means bad news? Bitcoin shrugs off weakest US dollar of 2024
Bitcoin price action seems uninterested in rapidly declining US dollar strength, as a shock payroll revision adds to DXY pressures. Go to Source